Nicholas Hoffman & Company LLC. Sells 1,166 Shares of McDonald’s Co. (NYSE:MCD)

Nicholas Hoffman & Company LLC. lessened its stake in shares of McDonald’s Co. (NYSE:MCD) by 7.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,512 shares of the fast-food giant’s stock after selling 1,166 shares during the period. Nicholas Hoffman & Company LLC.’s holdings in McDonald’s were worth $4,115,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MCD. Lodestar Private Asset Management LLC increased its holdings in McDonald’s by 9.0% in the 3rd quarter. Lodestar Private Asset Management LLC now owns 2,344 shares of the fast-food giant’s stock valued at $714,000 after buying an additional 193 shares during the period. Fidelis Capital Partners LLC increased its stake in McDonald’s by 0.7% in the third quarter. Fidelis Capital Partners LLC now owns 6,869 shares of the fast-food giant’s stock valued at $2,051,000 after acquiring an additional 48 shares during the last quarter. Valmark Advisers Inc. raised its position in McDonald’s by 2.8% during the third quarter. Valmark Advisers Inc. now owns 15,819 shares of the fast-food giant’s stock valued at $4,817,000 after purchasing an additional 428 shares in the last quarter. GW Henssler & Associates Ltd. lifted its stake in McDonald’s by 1.7% during the third quarter. GW Henssler & Associates Ltd. now owns 46,360 shares of the fast-food giant’s stock worth $14,117,000 after purchasing an additional 783 shares during the last quarter. Finally, MONECO Advisors LLC boosted its holdings in shares of McDonald’s by 17.3% in the 3rd quarter. MONECO Advisors LLC now owns 4,533 shares of the fast-food giant’s stock valued at $1,380,000 after purchasing an additional 668 shares in the last quarter. 70.29% of the stock is owned by institutional investors and hedge funds.

McDonald’s Stock Performance

Shares of MCD stock opened at $295.03 on Wednesday. The company has a market cap of $211.64 billion, a P/E ratio of 25.81, a PEG ratio of 4.13 and a beta of 0.73. McDonald’s Co. has a fifty-two week low of $243.53 and a fifty-two week high of $317.90. The stock has a 50 day simple moving average of $298.15 and a two-hundred day simple moving average of $275.35.

McDonald’s (NYSE:MCD) last released its earnings results on Monday, July 29th. The fast-food giant reported $2.97 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.07 by ($0.10). The company had revenue of $6.49 billion for the quarter, compared to analyst estimates of $6.62 billion. McDonald’s had a net margin of 32.25% and a negative return on equity of 178.68%. The firm’s revenue was down .1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.17 EPS. On average, research analysts predict that McDonald’s Co. will post 11.73 earnings per share for the current year.

McDonald’s Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be issued a dividend of $1.77 per share. The ex-dividend date is Monday, December 2nd. This represents a $7.08 annualized dividend and a dividend yield of 2.40%. This is a positive change from McDonald’s’s previous quarterly dividend of $1.67. McDonald’s’s dividend payout ratio is currently 61.94%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on MCD. Wedbush reissued an “outperform” rating and set a $295.00 price target on shares of McDonald’s in a report on Wednesday, October 23rd. UBS Group increased their target price on shares of McDonald’s from $305.00 to $345.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. TD Cowen reaffirmed a “hold” rating and set a $300.00 price target on shares of McDonald’s in a report on Tuesday. The Goldman Sachs Group raised their target price on shares of McDonald’s from $284.00 to $325.00 and gave the company a “neutral” rating in a research report on Tuesday, September 24th. Finally, JPMorgan Chase & Co. upped their price target on shares of McDonald’s from $270.00 to $290.00 and gave the stock an “overweight” rating in a report on Monday, September 16th. Thirteen investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to MarketBeat, McDonald’s presently has an average rating of “Moderate Buy” and an average price target of $318.22.

Insider Transactions at McDonald’s

In related news, insider Joseph M. Erlinger sold 1,098 shares of the business’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $288.70, for a total value of $316,992.60. Following the completion of the sale, the insider now directly owns 12,583 shares of the company’s stock, valued at $3,632,712.10. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, EVP Marion K. Gross sold 1,498 shares of McDonald’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $286.36, for a total transaction of $428,967.28. Following the completion of the transaction, the executive vice president now directly owns 1,560 shares in the company, valued at $446,721.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Joseph M. Erlinger sold 1,098 shares of the company’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $288.70, for a total transaction of $316,992.60. Following the completion of the sale, the insider now owns 12,583 shares in the company, valued at $3,632,712.10. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 34,097 shares of company stock valued at $10,256,818 in the last 90 days. 0.23% of the stock is currently owned by corporate insiders.

McDonald’s Company Profile

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.